Group Private Medical Insurance
Private Medical Insurance (PMI) is designed to provide cover for medical expenses incurred for a short-term, acute illness or injury where there is an expectation of recovery. These costs can include consultations, diagnostic investigations, treatment and surgery.
It is not a complete substitute for the National Health Service, and does not mean that superior treatment is being obtained outside the NHS. It is designed to work in tandem and provide peace of mind that treatment can be obtained promptly and often in more comfortable surroundings, for an eligible medical condition.
Within the Private Medical Insurance market there is an extensive range of products to suit a company’s requirements. The level of cost and cover varies, with insurers offering fully comprehensive schemes to low cost budget plans.
Private Medical Insurance is recognised by employers as an effective contributor to the efficiency and profitability of their business. Implementing private healthcare schemes for your employees will help for the following reasons:
- Executives and employees are able to undergo treatment at a time that fits in with personal and business commitments
- Prompt treatment is available for a medical condition, which might adversely affect an employee's capacity to work
- The number of days lost through sick leave are reduced
- A fit and healthy workforce contributes to the efficiency of a company, which is it's greatest and most valuable asset
- Private Medical Insurance is recognised as a valuable employee benefit, which assists with the recruitment and retention of skilled employees